# Allocation and Risk: Free Intermediate ETF Course

> Allocation and Risk: Risk in numbers, overlap, core and satellite, and full costs. 7 free lessons on real ETF data, with quizzes and a certificate.

Data as of Nov 10, 2026. Rebuilt every trading night.

## Allocation and Risk

Data as of Nov 10, 2026. Rebuilt every trading night.

As of Nov 10, 2026, ETFIQ Academy’s Allocation and Risk course has 7 free intermediate lessons on real ETF data, about 49 minutes in all.

Allocation and Risk · 7 lessons published 1 2 3 4 5 6 7

Start the course

### Lessons

- Risk in numbers: volatility, worst fall, downside capture Lesson 1, 7 minutes

- Risk-adjusted return: Sharpe, Sortino and Calmar Lesson 2, 7 minutes

- Allocation funds: what a stock-share band tells you Lesson 3, 7 minutes

- Overlap and hidden concentration across your funds Lesson 4, 7 minutes

- Core and satellite: where theme funds fit Lesson 5, 7 minutes

- Fees, fully costed: expense ratio vs total cost Lesson 6, 7 minutes

- Benchmarking a portfolio against a simple mix Lesson 7, 7 minutes

### Your progress

Finish all 7 lessons and get 2 of 3 right on each quiz to earn the course certificate. 0 of 7 lessons passed on this device.

### What you learn

- Volatility, worst fall and downside capture, and why a fall needs a bigger gain to repair

- Sharpe, Sortino and Calmar: what each divides by, and why they can disagree

- How a fund's stock share sets its band, and why two funds in one band can ride very differently

- Look-through weight: how holdings from several funds stack into one company

- Sizing a satellite by what it adds, what it costs and what it could lose

- The full cost to own: fee times years plus trading costs, and when each one matters most

- Judging a portfolio against the simple mix with the same stock share: same dates, several windows, risk and fees

### Where to next

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Allocation and Risk: free ETF course, data as of Nov 10, 2026. https://etfiq.com/academy/allocation-and-risk/
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
HTML: https://etfiq.com/academy/allocation-and-risk/